Vortex Metals (TSXV:VMS) ROCE % : -42.53% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Vortex Metals ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Vortex Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -42.53%.

Vortex Metals ROCE % Historical Data

The historical data trend for Vortex Metals's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vortex Metals ROCE % Chart

Vortex Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-68.52

-31.98

Vortex Metals Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									26.18	-18.18	-27.53	-49.30	-42.53

Vortex Metals ROCE % Calculation

Vortex Metals's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.801	/	( ( (7.872 - 1.326)	+	(6.799 - 2.08) )	/ 2 )
	=	-1.801	/	( (6.546	+	4.719)	/ 2 )
	=	-1.801	/	5.6325
	=	-31.98 %

Vortex Metals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2.104	/	( ( (6.731 - 1.556)	+	(6.799 - 2.08) )	/ 2 )
	=	-2.104	/	( ( 5.175	+	4.719 )	/ 2 )
	=	-2.104	/	4.947
	=	-42.53 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Vortex Metals (TSXV:VMS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Vortex Metals ROCE % Related Terms

Thank you for viewing the detailed overview of Vortex Metals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Vortex Metals (TSXV:VMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vortex Metals Inc (TSXV:VMS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VMSSF:USA DM8:Germany

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

Vortex Metals Inc is engaged in the acquisition and exploration business. The company has an interest in two drill-ready high potential copper-gold volcanogenic massive sulfide (VMS) properties (Riqueza Marina and Zaachila) in the state of Oaxaca, and a third high-potential gold property (El Rescate) in the state of Puebla. The company has interest in Mexico Properties project.

Executives

Vikas Ranjan

Senior Officer

Vortex Metals (TSXV:VMS) Headlines

No Headlines